Insurance coverage Dealer Miller Acquires Swiss Reinsurance Capital Advisory Enterprise – Cyber Tech

Miller, the London-based impartial specialist re/insurance coverage dealer, introduced the acquisition of reinsurance capital advisory enterprise 4809 Brokers AG.

Monetary particulars weren’t disclosed.

As its third Continental European acquisition since 2022, Miller mentioned, the transaction types a part of its continued worldwide growth, whereas additionally bolstering its rising reinsurance capabilities.

Established in 2020 by Marc Hannebert and Benjamin Bourseau, 4809 Brokers gives advisory companies on insurance coverage transactions meant to realize capital reduction, together with various danger switch and legal responsibility aspect funding transactions, in addition to portfolio switch options resembling reinsurance to shut (RITC) transactions.

Its consumer base consists of reinsurers, banks, funds and personal fairness companies, and it’s presently based mostly in Zug, Switzerland, with the intention to construct out a Zurich hub for placement throughout direct, wholesale and facultative strains.

The transaction follows Miller’s acquisition of Madrid-based industrial insurance coverage dealer Bruzon Correduría de Seguros y Reaseguros, which was introduced in Could.

“As Miller continues to develop in each scale and worldwide footprint, we see a possibility to meaningfully increase our reinsurance capabilities and set up a franchise that allows purchasers to learn from our main direct specialist footprint, our dedication to stability, and our partnership method,” Miller CEO James Fingers commented in an announcement.

“The enterprise that Marc and Benjamin have constructed at 4809 Brokers is very complementary to these ambitions, and we’re delighted to be bringing their experience on board as we proceed to increase our presence throughout the UK, Europe and Asia,” Fingers added.

“4809 Brokers is a extremely specialised enterprise constructed upon robust relationships with key market contributors and a deep understanding of their wants and challenges,” mentioned Shaun Sinniah, head of Reinsurance and Capital at Miller.

“Their method is aligned to our want to deal with resolution areas underserved by the massive incumbents; it’s a pleasure to be working with Marc and Benjamin, whose experience will show invaluable as we proceed to craft options that not solely meet, but in addition anticipate, the evolving calls for and ambitions of purchasers,” Sinniah continued.

“After 4 extremely worthwhile years at 4809 Brokers, we’re delighted to hitch Miller. With their assist, we’ll proceed to offer the re/insurance coverage trade with our distinctive proposition of cutting-edge options, located on the intersection of the banking and insurance coverage sectors in addition to our options to assist M&A transactions within the sector,” in accordance with Marc Hannebert, managing companion at 4809 Brokers. “We imagine that being a part of Miller will foster our improvement and allow our purchasers to learn from its long-term stability and sterling fame as a number one specialist adviser of alternative.”

Supply: Miller

Matters
Mergers & Acquisitions
Companies
Reinsurance